brokers

Flexport is expanding the Convoy Platform to brokers, aiming to drive growth and efficiency for brokers and carriers.

Brokers and carriers are still feeling the sting of the ongoing freight recession, and factoring companies can be critical partners during this time.

Brokers know that cash flow is one of the most critical aspects of their companies’ success — or failure. Despite this, the primary focus of popular industry technologies lies in freight delivery, not necessarily extending to proof of delivery or payment collection.

Anthony Sutardja, co-founder and CEO of Parade, told FreightWaves the new capital will go toward AI and RFP tools.

The market is still depressed, but recent layoffs and closures have fueled enough uncertainty to make some players wonder about changing market tides.

For freight agents attempting to navigate today’s volatile market, partnering with the right company can mean the difference between success and failure.

Ditat is planning to roll out its new user interface, which will improve the overall appearance of its TMS, making it more mobile-friendly.

When brokers remember their role as communicators, they are able to build stronger relationships with both their shipper customers and their carrier partners.

By making integrations accessible and affordable, Bitfreighter enables brokers to enter into the once-dreaded “EDI conversation” with shippers on the front end, using connectivity as a selling point.

The recent explosion of freight technologies has benefited companies of all shapes and sizes, but these solutions have had an outsized effect on small and mid-sized operations. 

Current market conditions – combined with the climbing expenses of operating and maintaining a truck – have created a difficult situation for the small companies that keep America moving.

“Our growth and potential were being hindered by manual processes and limited visibility into workflows,” US Cargo Brokers founder Adam Konopko said. “After adopting Ditat’s TMS, US Cargo experienced a complete transformation.”

Surge Transportation’s Omar Singh discusses shippers limiting broker partnerships for arbitrary reasons rather than their specific strengths and weaknesses.

Most brokers and agents prefer to focus on building carrier and customer relationships, and spend their time managing the booking and movement of freight. Quite often, the back office is […]

The easy-to-use program allows brokers to reward drivers directly for specific actions they complete within the Trucker Tools app.

Trucker Path bridges the gap between brokers and carriers, connecting over 1,000 brokers with over 1 million app users.

Fourth-quarter 2022 Freight Sentiment Index (FSI) numbers show near-term pessimism for carriers but slight optimism for shippers, 3PLs and carriers in the longer term.

Innovative partnerships between companies like Parade and Truckstop are changing the way brokers find carriers and cover loads digitally

Freight brokers and 3PLs should focus on accommodating carriers’ technology needs in order to improve service levels.

When Greenbush Logistics, an Abbeville, AL-based 3PL, began exploring capacity management technology that would integrate with their current TMS, McLeod, they already had many of the things brokerages look for […]

El Servicio Postal llega con algunas décadas de retraso

Brokerages that already have customer contracts allow agents more rate stability

In the upcoming quarter, Trucker Tools will home in on the broker and carrier relationship by introducing a couple of mutually beneficial tools.

Traditional loans or recourse factoring are not the only ways to get carriers paid and build up credit. ComFreight has set out to help brokers grow and solve the problem of contract-heavy, high-stress traditional financing with HaulPay.

TriumphPay improves the payments experience with expedited and secure transactions.

Shippers should reconsider the pecking order of asset-based trucking companies first, brokerages second.

Like many companies across all industries, the COVID-19 pandemic shifted the overall priorities of Varstar.

Parade’s leading software learns from every carrier interaction received to better match brokers with the right carriers.

Working as an independent commissioned agent gives folks a level of control over both their business operations and their day-to-day schedules that is impossible to come by in a more traditional setting.

TriumphPay takes the hassle out of carrier payments, allowing brokers to focus on what they do best.

To learn more visit Tai-Software.com

To discuss how brokers can save time, reduce inefficiency, and scale growth, FreightWaves is partnering with Parade for a one-hour webinar starting at 2 p.m. ET on Thursday, February 24. Featured speakers include Elise Le, Parade’s VP of Customer Experience, Sean McGillicudy, Vice President of Sales and Marketing at Tai, and Tyler Gilpin, Executive Regional Manager at Fortune Logistics.

Mary O’Connell and Thomas Wasson sit down and talk about what freight trends we saw this year, our expectations for the new year, and some of our favorite stories from the planning and brokering days.

Relying on a single data source to predict pricing is risky in the best of times. Right now, brokers and shippers are already facing high — and highly variable — rates. A lack of true insight in the mix only makes the situation more chaotic.

To discuss the need for automation and AI-driven solutions to reduce inefficiencies and increase flexibility, FreightWaves is partnering with Parade for a one-hour webinar on Thursday, December 2 at 2 p.m. ET. Featured speakers include Parade’s Head of Product Lindsay Watt, and our guest speaker FreightSaver’s CEO, Ryan Renne.

To discuss quick and easy ways for truckload brokers to increase their revenue, GLT Logistics has partnered with FreightWaves for a one-hour webinar at 2 p.m. ET on Tuesday, September 14. Featured speakers include Dan Kubart, Market Development Director at GLT Logistics, and Zach Strickland, Market Analyst at FreightWaves.

“We strongly believe that expecting random carriers to digitally engage with you and book your freight without having a relationship is a strategy that has just never proven to be effective.”

Picking up the phone before partnering up can help identify ill-suited broker-shipper relationships and avoid costly mistakes.

Brokerage candidates know “they’re in the driver’s seat,” according to one recruiter.

Broker Landstar System blew out analysts’ expectations for the first quarter. The company’s earnings almost doubled from the year-ago quarter, which wasn’t materially impacted by COVID. Landstar’s new guidance calls for more of the same.

TriumphPay is acquiring HubTran to integrate machine-learning capabilities for a fully integrated payments network for its customers.

The truckload market is looking very strong this year and freight brokers are riding high.

To explore how automation technology can provide traditional brokers with a competitive edge, FreightWaves is partnering with Hubtek in this hour-long webinar on Tuesday, March 23 at 2pm ET. Featured insights will be shared by Scott Hadley, Process Improvement Consultant for Hubtek.

When it comes to risk mitigation, due diligence of the carriers you broker to is just as important to having the right insurance policies.

New capital at newtrul will enable expansion of the supplier base to support growing demand, feature enhancements, APIs and TMS integrations.

The right tool can help brokers turn a measly 5% success rate into sales wins at 50% or more.

Learn how freight brokers can protect their domestic operations from liability claims that may not be covered by traditional cargo insurance policies.

FourKites has announced that a record 382 carriers, brokers and 3PLs have been named to its Q4 Premier Carrier List, recognizing the top-performing companies for visibility.

Small and midsize companies – brokers and carriers alike – often wait to adopt new technologies. They are being eclipsed by both larger companies and their less risk-averse peers.

A set of guidelines for the ethical freight broker.

newtrul, a freight aggregation platform, has announced an integration with McLeod Software’s PowerBroker platform.

FreightWaves CEO announces SONAR SCI at FW LIVE @Home. SCI stands for “supply chain intelligence.” Read how SONAR SCI can help your business.

The road to success is paved with digital tools and technological adoption.

Demand is reducing inventories while sales remain strong, leaving no cushion before sales ramp up as they do in November and December.

In today’s edition of The Daily Dash, double-digit rate increases are coming, the FMCSA will listen to complaints about brokers, and which states are the worst for truck drivers in bad weather?

Technology strategies are not “one and done;” rather, your technology platform is on a continuous journey, an evolution addressing the evermore demanding needs of a highly competitive market for capacity.

Transflo has acquired Canada-based Microdea on a continued path to grow adoption of digital document workflow.

While OTRI has fallen ~5% off the Labor Day peak, it remains at a remarkably high 25.66%. This indicates that nearly one in four loads is still being rejected at contracted rates across the country.

Shippers ship. Carriers carry. Freight brokers are the experts connecting the two. A developed shipper-broker relationship is important in aiding the success of shippers, brokers and carriers.

The top 20% of freight brokers generate at least 80% of sales and gross margin for any third-party logistics provider (3PL) or freight brokerage.

Transflo and InMotion Global have reached a deal to offer the AscendTMS free for a limited time to Transflo customers.

In today’s edition of The Daily Dash, at least one analyst believes the truckload sector is ready to run. Plus, Amazon drones are set to fly and why Dallas is now the center of the autonomous world.

Cargo Chief has added new functionality for brokers using its C4 platform, allowing them to identify potential load opportunities.

This webinar will discuss how technology can help brokers build trust with their carriers and secure reliable capacity.

EKA Solutions has expanded its offerings with a new predictive visibility product that taps into ELDs and driver apps for a more accurate look at arrival times.

This webinar—presented by FreightWaves in partnership with Trucker Tools—will provide useful lessons learned and insights for brokers through a discussion of how GlobalTranz has developed and refined its technology strategy and the role that Trucker Tools plays in that strategy.

The coronavirus pandemic caught the world off guard, and it has ratcheted up the pressure on 3PLs and brokers to quickly adapt and employ new technologies.

The current focus on the rate war distracts from the real issue at hand: how to build a profitable trucking business and control your own future.

The rate debate rages on between brokers and truckers, Mayday protests in transportation, Ingrid Brown, and more

Anger mounts among small-business truckers as they protest low rates amid COVID-19 pandemic

Dooner and The Dude are talking about the conflict between truckers and brokers as they battle for dollars in a bottoming spot market.

Knowing exactly where shipments are and when they will arrive is more important now than ever.

Morgan Stanley survey shows coronavirus disruption is accelerating for carriers, shippers and brokers, but the height of the disruption may be closer than some may think.

Join this webinar, featuring Prasad Gollapalli, Founder and CEO of Trucker Tools and Tom Curee, Senior Vice President of Strategy and Innovation at Kingsgate Logistics, for insights into the secrets behind a successful, all-in-one, multi-party “lifestyle” app for drivers, the “here and now” promise of automated freight matching and booking, and keys to technology and operating strategies to succeed in today’s fast-changing brokerage market.

For companies looking to achieve rapid growth, having the right technology in place to automate manual processes and help scale as they grow is critical. To discuss how companies can ensure they are set up for success as they grow, FreightWaves is partnering with Transflo for a one-hour webinar on Thursday, March 26, 2020 at 2 pm EST.

Knight-Swift Logistics will be part of a pilot program that will test DAT Solutions’ new Book Now automated freight tendering solution.

The recent Stay Metrics Stay Index Report echoed consistent themes among truck drivers: they want to work for companies with a driver-centric culture and get paid fairly for their time and service. Stress related to lack of home time, equipment troubles, and delays were highlighted as top concerns. While the focus of the report wasn’t specifically researching new trucking technology, integrating digital tools into everyday processes can address these concerns.

Lumper payments can tie up cash for weeks as carriers wait for reimbursement, but Convoy is now automating the process, guaranteeing payment with the touch of a button.

We kick off the week with headlines involving major trucking crashes in Pennsylvania and Indiana, the Drug & Alcohol Clearinghouse websites opening day struggles. Don’t worry, though, if you’re trying […]

If you are planning to create a freight brokerage, here is a basic checklist you can use to get started.

A broker’s main job is to find carriers to move freight for shippers, but the reality is that brokers often spend more time than necessary focusing on cash flow management and getting carriers paid.

The future of freight brokerage is a renewed focus on people.

Noel Perry heads Transport Futures in Harrisburg, Pennsylvania. In addition, he heads Transportation Economics, a consulting company focused on strategy, market research and forecasting for the North American freight transport […]

In this webinar, we will discuss the steps that brokers can take to scale their businesses and maximize profitability.

Uber Freight makes it a point to meet drivers and carriers where they are.

SunteckTTS, a top 10 brokerage, is reportedly looking for a 10x EBITDA multiple.

This webinar will focus on how technology can enable brokers to streamline processes and build stronger relationships with their carrier partners.

England Logistics has partnered with Trucker Tools to streamline operations and provide real-time visibility to customers, allowing the company to eliminate many broker inefficiencies.

This webinar will share how Choptank Transport is leveraging real-time data to increase its carrier adoption of tracking technology, freight location accuracy, continuous freight tracking and operational efficiency.

Brokers said there are lingering trouble spots from Road Check week, but markets are already softening.

We’ve got some intra-regional analysis for what’s happening especially in the west, and where some sure bets are.

FreightWaves is partnering with TIA to host a complimentary hour-long webinar on Tuesday, June 25 at 2pm EDT to address everything you need to know about Trucking Freight Futures and how they can be applied uniquely to your business.

Today on FreightWaves NOW, we talk to brokers, carriers, shippers, and even look at the maritime outlook from a global perspective. Where are volumes and rates heading Taco Tuesday, June 4?

Today on FreightWaves NOW, we give you quick hitters on volumes, the headhaul index, and a look at the latest consumer spending. Something here for carriers, brokers, and shippers.

In an industry where new technology solutions seem to be emerging on a near daily basis, the way brokers evaluate products and choose partners is changing.

Technology is disrupting the logistics industry at a breakneck pace, and brokerages are not exempt from the changes. While new technologies are intended to help companies run smoother, the implementation process can be riddled with challenges.

Wintrust’s working capital lines of credit leave brokerages with more control than equity raises and have lower cost-of-capital than factoring.

Better talent at a lower cost improves brokers’ cash flows.